Author Question: Mega Bright Window Cleaners' monthly income statement at several levels of activity is as ... (Read 30 times)

jojoperlo_ · **on:** Feb 5, 2023

Mega Bright Window Cleaners' monthly income statement at several levels of activity is as follows:

Windows washed

2,000

4,000

6,000

Sales revenue	$3,000	$6,000	$9,000
Cost of goods sold	1,200	2,400	3,600
Gross profit	1,800	3,600	5,400
Operating expenses
Advertising expense	500	500	500
Salaries and wages expense	700	900	1,100
Insurance expense	200	200	200
Postage expense	500	1,000	1,500
Total operating expenses	1,900	2,600	3,300
Operating income	$ (100)	$1,000	$2,100

Required:

a.	Identify each expense as fixed, variable, or mixed.

b.	Prepare a contribution margin income statement based on a volume of 5,000

windows.

kyledifference · **Reply #1 on:** Feb 5, 2023

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